418 Madison Avenue Albany, NY 12210
COMMERCIAL - Other - Albany, NY
- Added:
- May 26, 2026
- Days on Market:
- 48
- Last Refresh:
- Jul 12 at 1:06 am
Property Features for 418 Madison Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Basement
- Full, Unfinished
- Standard status
- Active
- APN
- 010100 76.31-3-2 02
- Size
- 3,300 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6900
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Electric (Heating), Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1869
- Flooring type
- Hardwood, Vinyl, Tile - Ceramic
- Building materials
- Block, Brick, Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Bahrija Basic License #10401361924 (518) 331-6443
Listing office Coldwell Banker Prime Properties 1345 New Scotland Road, Green Island, NY (518) 439-9600
Listing date May 26, 2026
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Mixed‑use property on Madison Ave in the Center Square/Hudson Park neighborhood, just steps from Lark St
- Commercially zoned first floor with central air plus a commercial kitchen setup for restaurant, cafe, retail, office, or other business use
- Second and third floors each feature a 1‑bedroom apartment
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.4k | $18.60 |
| − Vacancy | −$4.4k | −$1.34 |
| EGI | $57.0k | $17.26 |
| − OpEx | −$17.1k | −$5.18 |
| NOI | $39.9k | $12.08 |
